Finance Guru urges investors to play the rice market due to "supply shortages".

[elehhhhna]

Sell Bonds, Buy Precious Metals, Rice on Supply Shortages, Jim Rogers Says
By Ranjeetha Pakiam - Jul 7, 2010

Investors should sell bonds and buy commodities like silver and rice as a “refuge” as the world economy may continue having problems, Jim Rogers, chairman of Rogers Holdings said.
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Still, agricultural commodities are better than metals as prices are “very depressed,” he said, pointing to sugar which is 75 percent below its all-time high in 1974. Raw sugar for October delivery slid 1.2 percent to 16.49 cents a pound on ICE Futures U.S. in New York. It reached a record of 66 cents in November 1974.

http://www.bloomberg.com/news/2010-07-07/sell-bonds-buy-precious-metals-rice-on-supply-shortages-jim-rogers-says.html